Federated Hermes Municipal High Yield Advtg Fd (FHTFX)
The investment seeks to provide a high level of current income which is generally exempt from the federal regular income tax. The fund pursues its objective by investing its assets so that, normally, distributions of annual interest income are exempt from federal regular income tax (except when investing for "defensive" purposes). It invests at least a majority of its assets in a portfolio of: (1) long-term, tax-exempt securities; and (2) medium-quality or noninvestment-grade, tax-exempt securities.
Fund Info
US3139238311
313923831
Apr 9, 1987
$1,500
Expense Ratio
FHTFX features an expense ratio of 0.89%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Federated Hermes Municipal High Yield Advtg Fd, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Federated Hermes Municipal High Yield Advtg Fd had a return of 0.64% year-to-date (YTD) and 5.26% in the last 12 months. Over the past 10 years, Federated Hermes Municipal High Yield Advtg Fd had an annualized return of 2.81%, while the S&P 500 had an annualized return of 11.29%, indicating that Federated Hermes Municipal High Yield Advtg Fd did not perform as well as the benchmark.
FHTFX
0.64%
0.82%
0.80%
5.26%
0.77%
2.81%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of FHTFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.44% | 0.64% | |||||||||||
| 2024 | 0.45% | 0.45% | 0.57% | -1.15% | 0.59% | 2.35% | 0.83% | 0.82% | 1.29% | -1.38% | 1.55% | -1.39% | 5.01% |
| 2023 | 3.78% | -2.54% | 1.48% | 0.43% | -0.43% | 0.70% | 0.32% | -1.32% | -3.40% | -2.32% | 7.50% | 3.02% | 6.91% |
| 2022 | -2.54% | -0.74% | -3.09% | -3.54% | 0.77% | -3.05% | 3.27% | -2.36% | -5.49% | -1.65% | 5.54% | -0.83% | -13.34% |
| 2021 | 1.71% | -1.34% | 0.71% | 1.26% | 1.03% | 1.01% | 1.02% | -0.49% | -0.92% | -0.17% | 1.33% | 0.25% | 5.49% |
| 2020 | 1.82% | 1.90% | -9.53% | -3.28% | 3.38% | 3.26% | 2.14% | 0.07% | 0.18% | -0.04% | 2.22% | 1.51% | 2.91% |
| 2019 | 0.55% | 0.55% | 2.26% | 0.76% | 1.65% | 0.53% | 0.52% | 2.06% | -0.46% | 0.08% | 0.29% | 0.29% | 9.44% |
| 2018 | -0.69% | -0.47% | 0.66% | -0.25% | 1.11% | 0.20% | 0.43% | 0.20% | -0.59% | -1.16% | 0.44% | 0.90% | 0.76% |
| 2017 | 0.56% | 0.79% | 0.57% | 0.79% | 1.46% | -0.01% | 0.68% | 0.90% | -0.12% | 0.20% | 0.20% | 1.21% | 7.47% |
| 2016 | 0.92% | 0.12% | 1.02% | 0.90% | 0.77% | 1.96% | 0.00% | 0.43% | -0.33% | -1.00% | -4.65% | 1.03% | 1.01% |
| 2015 | 2.05% | -0.85% | 0.48% | -0.31% | -0.08% | -0.53% | 0.83% | 0.27% | 0.83% | 0.59% | 0.37% | 0.92% | 4.64% |
| 2014 | 2.88% | 1.86% | 0.89% | 1.46% | 2.02% | 0.14% | 0.27% | 1.64% | 0.59% | 0.81% | 0.37% | 0.93% | 14.74% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FHTFX is 68, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Federated Hermes Municipal High Yield Advtg Fd (FHTFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Federated Hermes Municipal High Yield Advtg Fd provided a 3.90% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.32 | $0.32 | $0.31 | $0.29 | $0.30 | $0.32 | $0.33 | $0.34 | $0.35 | $0.36 | $0.39 | $0.40 |
Dividend yield | 3.90% | 3.90% | 3.81% | 3.67% | 3.16% | 3.52% | 3.59% | 3.85% | 3.87% | 4.11% | 4.39% | 4.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Federated Hermes Municipal High Yield Advtg Fd. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.05 | ||||||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.30 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Federated Hermes Municipal High Yield Advtg Fd. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Federated Hermes Municipal High Yield Advtg Fd was 27.60%, occurring on Dec 15, 2008. Recovery took 393 trading sessions.
The current Federated Hermes Municipal High Yield Advtg Fd drawdown is 2.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.6% | May 14, 2007 | 401 | Dec 15, 2008 | 393 | Jul 9, 2010 | 794 |
| -17.76% | Jul 29, 2021 | 314 | Oct 25, 2022 | — | — | — |
| -15.76% | Mar 2, 2020 | 15 | Mar 20, 2020 | 207 | Jan 14, 2021 | 222 |
| -10.73% | Feb 1, 1994 | 210 | Nov 21, 1994 | 99 | Apr 7, 1995 | 309 |
| -9.81% | May 3, 2013 | 85 | Sep 3, 2013 | 171 | May 8, 2014 | 256 |
Volatility
Volatility Chart
The current Federated Hermes Municipal High Yield Advtg Fd volatility is 1.14%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.